Maryland Sports Betting Updates: Online Sportsbooks & Mobile Apps Coming Soon

Maryland Sports Betting

 


 

 

Sports betting continues to grow, and the state of Maryland has joined the party. In early 2021, the Maryland Senate and House both passed HB 940 which allows sports betting to enter the state of Maryland. Like many other states before (and after), Maryland allows for a ton of sports betting platforms to enter the jurisdiction, with 60 licenses available. This will make for a tremendous competition for the sports betting platforms as they try to capture the market share. Here is a look at the timeline for Maryland sports betting, where you can bet, the types of bets available, and more.

 

 

Maryland Sports Betting Timeline

A look at the timeline that allowed for legal sports betting to enter the state of Maryland.

  • April 2021 – Sports betting officially passes the House and Senate in Maryland.
  • March 2021 – HB940 was amended and discussed in the House.
  • February 2021 – HB940 introduced to the house.
  • December 2020 – Barstool and Penn National get rights to enter Maryland.
  • Late 2020 – Residents of Maryland vote yes to allow sports betting in the state.
  • 2020 – With an even-numbered year, Maryland residents will vote in the November election whether or not to allow sports betting.

 

Sports Betting Passes in Maryland

As of mid-April 2021, sports betting has officially passed in the state of Maryland. The Maryland Senate and House both approved the bill that will bring up to 60 licenses to the state, a 15% tax rate, and more.

 

Maryland Sports Betting Partnerships

With the number of professional sports teams in Maryland, the partnerships will grow throughout time. Expect to see teams such as the Washington Nationals, Capitals, Wizards, Football Team and more. So far, here are the partnerships set up for sports betting in Maryland.

 

Top Sports Betting Apps in Maryland

Sports betting in the state of Maryland is one of the most competitive states in the country, as they are allowing 60 total licenses. This means all the favorites will be entering the state assuming they can pay the licensing fee. Expect to see DraftKings, FanDuel, FOX Bet, William Hill, PointsBet, BetMGM, BetRivers, Barstool, Tipico, and more.

With 60 total licenses, expect to see some names from the local market as well. The 15% tax is high, but not nearly what it is in some other states. With a license fee approaching $1M for mid-level platforms, it is relatively affordable for companies to launch a sports betting app in the state of Maryland.

 

DraftKings Sportsbook Maryland

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FanDuel Sportsbook Maryland

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William Hill Sportsbook Maryland

 

FOX Bet Maryland

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BetMGM Sportsbook Maryland

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Barstool Sportsbook Maryland

Barstool Sportsbook has grown massively as it has launched in many states. Maryland is a big state for “stoolies” and will be a growing market share sportsbook.

 

What types of bets can I place in Maryland?

When it comes to sports betting, there are many types of wagers you can place as a bettor on the legal sports betting apps. Here is a look at some of the betting types offered at Maryland sportsbooks.

  • Spreads
  • Moneylines
  • Totals (Over/Unders)
  • Parlays
  • Teasers
  • Props
  • Futures
  • Live in-game betting

 

 

What sports can I bet on in Maryland?

There is no major rule on which sports can be wagered on in the state of Maryland, which opens all of the legal sports betting apps to offer their full range of sports. The only restriction will be on amateur events which includes some esports tournament, as it is in other states as well. Here’s a look at some of the sports offered.

  • Baseball: MLB, College
  • Basketball: NBA, College, International
  • Boxing
  • Cricket
  • Darts
  • Football: NFL, College
  • Golf
  • Hockey: NHL, College
  • MMA – UFC, etc
  • Motorsports – NASCAR, etc
  • Rugby
  • Soccer: Champions League, Premier League, La Liga, MLS and more.
  • Tennis
  • And more!

 

Sports Betting Law in Maryland

The bill that put Maryland Sports Betting into law was HB 940, which passed 47-0 in the Maryland Senate and 124-14 in the house. Here’s what the bill entails:

  • 15% tax on sports betting revenue.
  • 60 online licenses.
  • Three Class A licenses to each of the major Maryland casinos.
  • Class B licenses to smaller organizations.
  • Class A licenses cost $2M, and $500K to renew. Class B are $1M and $300K to renew.
  • Renewals are every 5 years.
  • Bill includes a fund to support minority and women-owned small businesses from gaming revenues.

 

 

Maryland Sports Betting Frequently Asked Questions

When can I bet on sports in Maryland?

You can bet on sports in Maryland in late 2021, as the bill was passed in 2020 then signed in 2021.

Is sports betting legal in Maryland?

Yes. Legal sports betting has been legislated and regulated in the state, and mobile betting will be made available in late 2021.

Are there sports betting apps in Maryland?

Yes. With legal sports betting in the state, there are sports betting apps available to download for mobile wagering as of late 2021.

Is Barstool Sportsbook available in Maryland?

Yes. Barstool Sportsbook is expected to launch in Maryland at some point in late 2021 or early 2022.